Israel: Industry, including construction, value added (current US$)

Key figures

What the numbers say

In 2024, Israel's industry, including construction, value added (current US$) rose 0.5% on 2023 (from US$92.97 billion to US$93.41 billion).

Across the 28 yearly changes before that (1996 to 2023), the average change was +5.1% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 17.6% in 2007 and the biggest yearly fall was 8.1% in 2002. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$4.58 billion a year. A straight line explains 89% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Israel had the 4th highest value of the 30 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Israel in the 2024 ranking

• Japan — 1st of 30: US$1.12 trillion
• United Arab Emirates — 2nd of 30: US$244.84 billion
• Peru — 3rd of 30: US$100.12 billion
• Hong Kong SAR, China — 5th of 30: US$25.19 billion
• Bolivia — 6th of 30: US$17.16 billion
• Papua New Guinea — 7th of 30: US$11.25 billion

What this measures

Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Ideally, industrial output should be measured through regular censuses and surveys of firms. But in most developing countries such surveys are infrequent, so earlier survey results must be extrapolated using an appropriate indicator. The choice of sampling unit, which may be the enterprise (where responses may be based on financial records) or the establishment (where production units may be recorded separately), also affects the quality of the data. Moreover, much industrial production is organized in unincorporated or owner-operated ventures that are not captured by surveys aimed at the formal sector.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 30 values

Industry, including construction, value added (current US$) in nearby economies

• Afghanistan — US$2.58 billion (2024)
• Algeria — US$99.88 billion (2025)
• Bahrain — US$20.18 billion (2025)
• Djibouti — US$766.83 million (2025)
• Egypt, Arab Rep. — US$117.09 billion (2025)
• Iran, Islamic Rep. — US$143.77 billion (2025)
• Iraq — US$115.46 billion (2025)
• Jordan — US$16.86 billion (2025)
• Kuwait — US$85.07 billion (2025)

More economic policy & debt data for Israel

• Portfolio equity, net inflows (BoP, current US$) — US$4.91 billion (2025)
• Total reserves, including gold (current US$) — US$229.49 billion (2025)
• Total reserves, excluding gold (current US$) — US$229.49 billion (2025)
• Gross fixed capital formation (current US$) — US$145.39 billion (2025)
• Gross fixed capital formation (current LCU) — 501.88 billion (2025)
• Gross fixed capital formation (constant 2015 US$) — US$102.07 billion (2025)
• Gross fixed capital formation (constant LCU) — 412.25 billion (2025)
• Gross fixed capital formation (% of GDP) — 23.8% (2025)
• Changes in inventories (current US$) — US$3.31 billion (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Israel's industry, including construction, value added (current US$)?

US$93.41 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 275.21% from US$24.89 billion in 1995 (4.67% a year on average, compounded). The highest value was US$100.92 billion in 2022 and the lowest US$24.89 billion in 1995.

How does Israel rank?

4th highest of 30 economies with data for 2024.

Is the latest change in industry, including construction, value added (current US$) unusual for Israel?

In 2024, Israel's industry, including construction, value added (current US$) rose 0.5% on 2023 (from US$92.97 billion to US$93.41 billion). Across the 28 yearly changes before that (1996 to 2023), the average change was +5.1% and a typical year strayed about 7.7% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NV.IND.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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